Alcoa, Kaiser Aluminum started Overweight at Barclays in a positive near-term aluminum outlook

What happened: Barclays initiated coverage of Alcoa (AA) and Kaiser Aluminum (KALU) with Overweight ratings, tied to a constructive near-term outlook on aluminum. Key numbers: Alcoa price target $55. Kaiser Aluminum price target $180. Why it matters: Barclays expects the global aluminum market to remain tight through the rest of the period, supporting its positive stance on both names.

Barclays initiated coverage of Alcoa (AA) and Kaiser Aluminum (KALU) with Overweight ratings, tied to a constructive near-term outlook on aluminum.

Barclays expects the global aluminum market to remain tight through the rest of the period, supporting its positive stance on both names.